News
Over a third of UK motor and home insurance customers pay monthly
20+ hour, 12+ min ago (282+ words) Life Insurance International A Global Data survey found that monthly payment options play a critical role in maintaining insurance coverage across personal lines, particularly as household budgets remain under pressure. Meanwhile, research indicating that consumers may reduce or cancel cover…...
Keyes Coverage expands in Florida with Seibert Insurance acquisition
2+ mon, 5+ day ago (301+ words) Keystone Agency Partners has announced that its portfolio company, Keyes Coverage, has acquired Seibert Insurance Agency, extending its reach into west-central Florida. The companies did not disclose the financial terms of the transaction. Tampa-based Seibert Insurance Agency provides personal and…...
Admiral moves into taxi insurance with broker-led Patons partnership
2+ mon, 1+ week ago (411+ words) Life Insurance International A Global Data survey suggests insurance uptake among gig economy taxi drivers is low, with a sizable minority either opting out, not considering cover, or assuming it is provided by an employer or platform. This creates a…...
Willis and Qover expand alliance on embedded insurance in UK
3+ mon, 1+ week ago (272+ words) Willis, part of WTW, has partnered with Qover, a company specialising in embedded insurance orchestration, to develop its GB Affinity technology platform. The collaboration aims to meet demand from UK businesses for integrated insurance solutions that can be offered at…...
Philadelphia Insurance acquires Ignyte Insurance's Collector Vehicle business for $615m
7+ mon, 3+ week ago (352+ words) Philadelphia Insurance Companies (PHLY) has announced the acquisition of the Collector Vehicle business from Ignyte Insurance, a Carlyle-backed portfolio company, in a transaction valued at $615m. This collector vehicle insurance acquisition brings four names " American Collectors Insurance, J. C. Taylor Insurance, Condon Skelly…...
Luxury brands recognise the potential of embedded insurance solutions
8+ mon, 2+ week ago (367+ words) Industry experts are increasingly acknowledging embedded insurance as a crucial factor for growth in the distribution of personal lines insurance over the next five years, a Global Data poll has found. Insurers and brands that integrate cover at the point…...
Younger drivers show stronger engagement with telematics and usage-based insurance
9+ mon, 2+ week ago (160+ words) Global Data's 2024 UK Insurance Consumer Survey shows that 14. 4% of consumers aged 18 to 24 have a PAYG or UBI car insurance policy. Global Data research shows that younger consumers in the UK are more likely to hold pay-as-you-go (PAYG) or usage-based (UBI)…...